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Orbite Technologies (TSX:ORT) has announced the filing of a final short form base shelf prospectus which was receipted by the securities regulatory authorities in each of the provinces of Canada. As quoted in the press release: The Prospectus is not a commitment to undertake any financing, but provides flexibility over the normal course of business to …
Orbite Technologies (TSX:ORT) has announced the filing of a final short form base shelf prospectus which was receipted by the securities regulatory authorities in each of the provinces of Canada.
As quoted in the press release:
The Prospectus is not a commitment to undertake any financing, but provides flexibility over the normal course of business to fund, if needed, the demonstration of the Company’s proprietary waste monetization technology. The Prospectus will also be available to support additional commercial activities in regards to the Company’s high purity alumina (“HPA”) initiative, including the increase in capacity of the Company’s HPA plant, and the production to inventory of specialty customized HPA products.
“We continue to benefit from growing interest in our waste monetization technology,” stated Glenn Kelly, CEO of Orbite. “As we are transitioning from technology development to commercial producer, we will be able to dedicate more resources to the commercialization of this unique technology. The base shelf prospectus, together with our proven ability to raise funds, puts us in a stronger position to engage with the growing number of interested parties, and pursue formal commercial partnerships, an effort we are now accelerating. It also provides us with the ability to pursue additional opportunities in our HPA segment.”
